1887

n AfricaGrowth Agenda - The impact of the global financial crisis in Africa

Volume 2009, Issue 7
  • ISSN : 1811-5187

Abstract

On the back of the fallout from the current global financial crisis, world growth in 2009 is expected to decline to its lowest rate in 60 years. In 2008, the collapse in demand stemming from the financial crisis, coupled with synchronised falls in manufacturing and industrial production, trade credit financing problems and low consumer confidence, triggered a fall in world trade growth to just 4 percent. According to the United Nations Conference on Trade and Development (UNCTAD) Trade and Development Report 2008, the global economy is teetering on the brink of recession.

Loading full text...

Full text loading...

Loading

Article metrics loading...

/content/afgrow/07/1/EJC17267
2009-07-01
2020-09-20

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error